Company History

Company History

2002-2005

  • 2002:The company started operations beginning from four offices with 20 clients and 40 employees
  • 2005: Strengthened the technology infrastructure with centralizing the operations in head office at Bengaluru
  • 2005:Published our first labour report

2006-2010

  • 2006:Reached 30,000+ associates on our rolls
  • 2007: Started New Service Offerings
  • 2008:Reached a pan-India presence across multiple locations
  • 2009: GCIF, GAPL and GIL made investments of INR 500 million in our Company

2011-2015

  • 2011:Co-founded the ‘Indian Staffing Federation’ to Professionalise the Indian staffing industry
  • 2011: GCIF, GAPL, GIL made second round of investments of INR 250 million and IAF made investments of INR 750 million in our Company
  • 2011: Our Company entered into a memorandum of understanding with the Government of Gujarat to establish a private university
  • 2013:TLSU was established as a university under the Gujarat Private Universities Act
  • 2014:Classes for TeamLease Skills University commenced
  • 2014:Established public private partnership project named NETAP, for promoting apprenticeship in India

2016-2020

  • 2016: Listed on BSE and NSE with the IPO oversubscribed 67 times
  • 2016:Acquired ASAP Info Systems & Nichepro Technologies adding IT staffing as a new service offering, later merged with TeamLease Digital
  • 2017: Acquired Keystone business Solutions to strengthen IT Staffing
  • 2017:Acquired 30% stake in Freshersworld.com
  • 2017:Acquired Evolve Technologies to enter Telecom Staffing Business
  • 2017:Acquired 40% Stake in Online Education Company Schoolguru
  • 2018:Acquired 33.33% stake in Avantis RegTech which is into compliance SAAS
  • 2019:Acquired IT Staffing vertical of eCentric in April 2019 and IMSI (IT Infra) in November 2019

2021-2024

  • 2021:Appointed Narayan as Independent Chairman
  • 2021: Three new Independent Directors inducted on Board
  • 2021:Raised stake in Avantis to 60%
  • 2021: Rebranded Schoolguru -->TL EdTech
  • 2021: Rebranded Avantis -->TL RegTech
  • 2021: Rebranded E-Hire -->TL HRTech
  • 2022: Surrendered PF Trust and migrated to EPFO
  • 2022: Became India’s largest IT Staffing Company in terms of headcount
  • 2022: CPO moved under HRTech
  • 2022: NETAP rebranded as Degree Apprenticeship
  • 2023: Proposed Merger of TDPL, IMSI and Keystone
  • 2023: First ever Share Buyback concluded
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